Trade Desk stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 64 to 72.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 as they begin their biggest price moves. See if Trade Desk can continue to rebound and clear that threshold.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Trade Desk Stock A Buy?
Trade Desk stock has been trading below its 50- and 200-day moving averages. While the stock is not near a proper entry right now, see if it goes on to form and break out from a proper chart pattern.
The digital advertising company showed 11% earnings growth in its most recent report, while sales growth came in at 35%. Look for the next report on or around Nov. 8.
Trade Desk stock earns the No. 2 rank among its peers in the Commercial Services-Advertising industry group. Omnicom and Viad are also among the group's highest-rated stocks.